Menu

When you buy a new video game, you indirectly pay licenses to the game developers and publishers. But the process at the end of which the participants receive their money is complicated and lengthy. Microsoft now wants to change this by using the blockchain platform Quorum.

Only recently Microsoft drew attention to itself, when the enterprise announced to take over GitHub. Numerous blockchain protocols are managed on the open source platform, which is why the purchase by the software giant caused little enthusiasm in the cryptoscene.

Microsoft wants to use the Bitcoin evolution to simplify license payments to video game developers

As The Telegraph reported on June 22, the use of Bitcoin evolution will replace the time-consuming manual spreadsheet system. Currently, game producers and publishers would have to wait 45 days before receiving the royalties. This process involves a number of middlemen, which unnecessarily prolongs it. With the help of the blockchain-based solution, both license management and payments to licensees are to be made in real time. Microsoft has collaborated with the consulting firm EY for this Bitcoin evolution purpose.

Safer, faster, more transparent

Microsoft is currently testing the implementation of the technology with Ubisoft, one of the company’s gaming partners. After a successful test phase, a large network of game publishers and retailers will use the blockchain solution. For this they will have to sign new terms and conditions with Microsoft via Smart Contracts. In the process, each purchase of a licensed product, whether online or in retail, will be stored on the blockchain. The license amount is determined according to the Smart Contract and the game publishers and distributors have access to all relevant data.

This blockchain solution is not limited to computer games. According to Microsoft, it can be used in any creative industry. Rohit Amberker, finance director at Microsoft’s licensing business, says:

“After the introduction of the blockchain solution, only a third of the effort is needed to process the same license fees and at the same time offer a faster and more reliable service.

In addition, Quorum’s blockchain application should enable it to process millions of transactions per day. Quorum runs on the Cloud-Coumputing-Service Azure and should also protect confidential business relationships.

The transparency of the blockchain enables Microsoft to automate numerous transactions between different parties. A large number of developers and artists are usually involved in the production of a computer game. With the automation of payments, all those involved – from the software developer to the songwriter of the soundtrack and the actors using the so-called motionscan technology to the designer of the cover – receive their share reliably. Paul Brody, Head of Blockchain at EY, is thrilled:

“The scope, complexity and volume of digital rights and licensing transactions make it a perfect application for blockchains. A blockchain can handle the uniqueness of each contract between digital rights owners and licensors, which can be handled in a scalable, efficient manner with a test protocol for subscribers.”

If you invest your Bitcoin, Ethereum & Co. in ICOs (Initial Coin Offerings) more often, you will not only have the chance to be among the first and thus to achieve high returns, but you will also have stumbled across the terms hard and soft cap more often. In the case of reputable ICOs, both are indicated in a transparent manner by the project itself and provide valuable information for the crypto investor.

Definition and practical application of the Bitcoin evolution scam

The two English terms can best be translated as “hard” or “soft” borders. This refers to two financing goals explained here: Is Bitcoin Evolution a Scam? Read This Review Before You Sign Up! for the project that exist separately from each other. The hard cap is the financing target which is not exceeded, even if the project could collect even more money. Therefore, the hard cap also reflects the market capitalization (hence the market value) of a project once it has completed the Bitcoin evolution scam ICO. For example, if the hard cap was 50 million US dollars and was reached, the project has a market capitalization (market cap) of 50 million euros. This can change later as soon as the tokens are published and the project is traded on a stock exchange.

The soft cap is a soft limit and is considered to be the financing target that is at least required for the realisation of the project and thus for a successful ICO. As a rule, it is much lower than the hard cap and should definitely be achieved. If this is not the case, reputable projects offer investors the opportunity to recover the money transferred, because in this situation it is not guaranteed that the project has enough money to realize all goals. Consequently, the ICO must be considered a failure if an issued soft cap is not achieved. For example, if a hard cap is at the 50 million mentioned above, a soft cap could be at 8 million US dollars. Every completed financing between these 8 and 50 million is then regarded as a successful ICO, whereby the projects naturally want to achieve their hard cap in the ideal case.

Methods for implementing and structuring a Bitcoin evolution review

There are several variants of how a Bitcoin evolution review scam can be implemented in practice. What is meant by this is how the respective soft and hard caps are achieved, which could also be interesting for Bitcoin evolution review investors. In the following, these will be briefly explained, because they also play a role with regard to achieving soft and hard caps.

Capped First & Come First & Served First
Here the maximum number (the capping) of the tokens is fixed, which are sold in return at a fixed price. If you were too slow and only want to invest when the capping has already been reached, you will not get any tokens anymore. Sometimes these caps are reached a little faster, because for example in a pre-sale additional bonuses on the investment could be spent. This is the most common way to achieve a soft or hard cap.

After the devastating criticism of Bitcoin & Co. by the Permabär Nouriel at the beginning of this week, the problems of the crypto exchange Bitfinex and the stable coin Tether came into the focus of the commentators. The opinion ECHO for the 42nd calendar week.

Crypto-Nazis

Roubini’s anti-Bitcoin tirade before the US Senate continued on the economist’s Twitter account at the beginning of the week. The economist is using ever heavier guns to fire towards the crypto community. The quintessence of his tweets: The Bitcoin community is a cesspool of blinded, coprophagous shitcoiners whose ultra-liberal tendencies are surpassed only by their anti-Semitic tendencies.

In between, Roubini uses his extended range (which he likes to do!) to shill his blockchain-critical articles.

NYU resists Roubini with resistance

Roubini’s downright trumpeting Twitter troll has meanwhile reached a degree of unprofessionality that even calls alumni of New York University (NYU), where Roubini teaches, to the fore. For example, Max Keiser, crypto-investor and alumnus of NYU, criticizes the plan:

“It pains me to see @nouriel [Roubini] behave like a horse’s ass. I am now in contact with the NYU leadership to ask them if they can’t urge this embarrassing rage-aholic to reason. It damages the working morale of the students.”

Roubini’s tirades could also influence NYU’s support through alumni donations:

“Many NYU members have already made contact with Roubini and are trying to get him to shut up. He is known as a rage-aholic, egomaniac and windbag. The students complain. It becomes also for Alumni fund Raiser like me the topic ?

Of course, Dr. Doom also took the opportunity to comment on the current drama about Bitfinex and the Stable Coin Tether (USDT):

“Tether is the mother of all crypto scams and supports Bitcoin and all the other shitcoins by up to 80 percent. But the regulators, who started investigating Tether/Bitfniex months ago, are still “sleeping at the wheel”.

This tweet is from the Roubini retweetet Bitfnix’ed series. Indeed, on 16 October, the economist spent his lunchtime sharing the tweets of @Bitfnix’ed, arguably the sharpest critic of the currently controversial Bitfinex crypto exchange.